Orano, a French nuclear company, recently announced the resumption of development at the Imouraren uranium deposit in Niger, after the project was offline for almost a decade. However, the resumption project is facing opposition from the Nigerien government, which could lead to the revocation of Orano’s mining permit. The ImourarenContinue Reading
NextSource Materials (TSX: NEXT) announced on Thursday that it has signed a mandate letter with the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, to lead a senior debt facility amounting to $91 million. The company plans to allocate approximately half of these fundsContinue Reading
PLATINUM miner, Mimosa Mining Company, has put its US$134 million North Hill project on hold due to a challenging operational environment, characterised by declining global prices among other challenges, NewsDay Business can report. The project, intended to replace the South Hill mine, has been suspended, pending an improvement in marketContinue Reading
DY6 Metals has secured a license for its Tundulu rare earth project from the Malawian Department of Mines. The project site includes several hills, with Nathace Hill at its center. Located in southern Malawi, the Tundulu project is a carbonatite complex known for its rich rare earth elements (REEs) andContinue Reading
KoBold Metals, a U.S.-based startup backed by high-profile investors like Bill Gates and Jeff Bezos, is making strides in Zambia’s copper-rich belt. In February, it joined forces with Canada’s Midnight Sun Mining (TSXV: MMA) to explore the promising Dumbwa target within the Solwezi copper project. This strategic alliance combines KoBold’sContinue Reading
Shares in Hummingbird Resources (AIM: HUM) surged 17% on Friday after the Africa-focused mining company announced the resumption of operations at its Kouroussa gold mine in Guinea, ending a two-month strike by its primary contractor. The gold producer, which operates in Mali, Guinea, and Liberia, had to suspend activities atContinue Reading
So, the government has once again decided to put taxpayer funds on the line with a N$1,2 billion bailout for the scandal-ridden state oil company Namcor, neh? “I must make it clear this [bailout] did not involve any direct cash injections to Namcor,” said company spokesperson Utaara Hoveka, apparently toContinue Reading
The continued focus on integrating Proximity Detection Systems (PDS) in South African quarries and surface mines highlights a significant shift towards enhanced safety and regulatory compliance. This move, directed by the Department of Mineral Resources and Energy (DMRE) regulations, underscores the critical nature of technology in mitigating workplace accidents. AsContinue Reading
In October 2023, Orezone announced a $168 million project to double the Bomboré gold mine’s production capacity in Burkina Faso. Originally planned as one phase, the project will now unfold in two. The initial phase is slated for completion by the close of 2025. With ambitions to elevate annual goldContinue Reading
In northern Guinea, attention has been drawn to the Simandou North project spearheaded by Australian firm Arrow Minerals in recent months. Despite being in its early exploration phase, initial drilling outcomes have sparked optimism. Arrow Minerals has unveiled promising discoveries from its iron ore venture situated north of the well-knownContinue Reading
